Texas GOP’s fumbling on tax relief will end up hurting public schools | Opinion
. That state long ago capped appraisals at 2%, distorting its housing market in ways that made newer homebuyers bear higher tax burdens and that discouraged homeowners from selling.
Texans are already feeling the squeeze on housing availability. Going this route would only make things worse. The Senate’s key proposal to raise homestead tax exemptions is a better policy that channels the relief toward the property owners who need it most. But now lawmakers are in murkier water under the governor’s orders to cut only school property tax rates.
The Legislature in 2019 limited the amount by which property tax revenue in school districts and cities can grow without requiring voter approval. The governor’s preferred relief method of buying down school property tax rates with surplus money is not a sustainable way of providing property tax relief and will tie the hands of school administrators down the road.
We fear that Abbott’s instructions to lawmakers will lead to sweeping tax cuts that will ultimately cost the state as schools struggle to pay bills. All because of a petty civil war among the state’s top Republicans.
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